(Lake Tahoe Real Estate Blog / June 12, 2011 / Richard Bolen)
South Lake Tahoe neighborhood home values: Lower Kingsbury prices up 44% over last year, but down 43% off Lower Kingsbury market high of 2007.
We though it would be interesting to track South Lake Tahoe, NV neighborhood home values over time with this visual. As the chart above indicates, here are the median sold prices for the Lower Kingsbury neighborhood since 2004.
Lower Kingsbury Housing Values :
Home values this year to date are 44% higher ($139,500) than they were for all of 2010 (based on five home sales to date). Better news for home buyers who might be thinking in taking advantage of better prices, and historic low interest rates: Lower Kingsbury home values are $244,000 lower, or 43.4% off what they were at the market high for Lower Kingsbury in 2007.
Compared to the median sold price of all South Lake Tahoe, NV (aka "Stateline, NV") home sales this year, the Lower Kingsbury median sold price is $140,000 lower, or 23.5% under the current 2011 median sold price of Nevada neighborhoods combined ($595,000). This difference makes sense when comparing a neighborhood with many market entry homes to the median sold price of all South Lake Tahoe, NV neighborhoods combined.
Lower Kingsbury Housing Demand :
The chart above indicates housing demand, or the number of homes sold in Lower Kingsbury by year since 2004. Note that as of today the number of Lower Kingsbury homes sold this year is already the same as it was last year. What this indicates is Lower Kingsbury housing demand in 2011 will certainly surpass that of 2010.
Fly in to Lower Kingsbury, here
Some previous Lake Tahoe Real Estate Blog posts about Round Hill:
Oct 16, 2010: Lower Kingsbury real estate homes for sale
Feb 9, 2010: Lower Kingsbury homes for sale update
July 13, 2009: Lower Kingsbury real estate update
Feb 8, 2009: Lower Kingsbury home listings update
Jun 7, 2008: Lower Kingsbury homes for sale update
Why we publish this blog:
We support our families by helping folks buy and sell real estate. We're licensed in both CA and NV, have the best and most advanced professional credentials possible. We sell single family homes, townhomes, condominiums, lots and land.
Our blog is intended as a public resource where one can find the most complete real estate information possible about the South Lake Tahoe real estate market. Accurate market statistics available 24/7 without agenda is central to our resolve. The goal here is twofold: to show you convincingly why you should consider asking us for help, and that you can trust the help that you will find.
Email us directly here. Call us: 800-923-9022 begin_of_the_skype_highlighting 800-923-9022 end_of_the_skype_highlighting
Search South Lake Tahoe, CA listings here. Search Stateline, NV listings here. Automatic Listing notification here.
Comments(0)